Reuters - U.S. exports have been helped by a
weaker dollar and this is providing a boost to an otherwise
weak economy, Federal Reserve Bank of Atlanta President Dennis
Lockhart said on Saturday.
Reuters - Stocks finished little changed on
Friday as surging oil prices lifted energy shares and offset
data that showed consumer confidence sank to its lowest in 28
years.
Reuters - U.S. consumer confidence tumbled to a
28-year low this month as rising prices strained household
finances, while another drop in single-family housing starts
underscored problems still plaguing the economy.
AIG to set up services, data centers in Malaysia
(Reuters)
Reuters - American International Group Inc
plans to establish a global shared services and data
centers in Malaysia through one of its subsidiaries, the
insurance giant said on Saturday.
Reuters - The United Auto Workers and American
Axle & Manufacturing Holdings Inc reached a tentative
contract agreement late Friday aimed at ending an 11-week-long
strike that had triggered thousands of layoffs and cost General
Motors Corp at least $1 billion.
AP - Treasury Secretary Henry Paulson said Friday that financial markets are "considerably calmer" now than they were two months ago. He predicted the economy will be rebounding by the second half of this year.
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AFP - A deadline for Take-Two Interactive Software shareholders to agree to a buyout by video game giant Electronic Arts has passed with neither firm commenting on the takeover bid's fate.
Compuware 2.0 set as rebirth of company
(InfoWorld)
InfoWorld - Looking to sharpen its business focus, Compuware this week launched its "Compuware 2.0" campaign, which is being characterized by the 35-year-old software tools vendor as a rebirth of the company.